CreditKarma?

[MrCredit]

Anyone have experience with this free service?

[CS800]

It's gives you ypur FAKO score (Vantage). I will describe CK in one word: USELESS

[sandsanta]

Yea CreditKarma claims I have 9k in debt.  I don't even have 300$ of debt.

[stone]

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@CS800 wrote:

It's gives you ypur FAKO score (Vantage). I will describe CK in one word: USELESS

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why? i think it is a good indicator and reference, even though it is not fico.

[CS800]

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@stone wrote:

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@CS800 wrote:

It's gives you ypur FAKO score (Vantage). I will describe CK in one word: USELESS

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why? i think it is a good indicator and reference, even though it is not fico.

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Over the years I have used it, CK has been inaccurate on everything about my credit file up to and including, my debts, my credit card accounts, my car loan, my mortgage; to quote a few. To me it is not a good indicator of anything. YMMV

[fused]

This thread has nothing to do with CC's, so I'm going to move it to the General Credit Topics forum.

[GregB]

CK is based upon your TU credit file so it will show you exactly the information that TU has on your accounts at the time. If you pull any other report based upon your TU file, they will show the same accounts.

CK can be a bit strange in the way it catagorizes certain accounts. All the normal stuff is catagorized correctly but HELOCs, NPSL CCs, Business cards, etc. can be catagorized differently than we expect for FICO. This isn't that weird since different versions of FICO or different CRAs can have different opinions about that also.

The Vantage score provided has some value since it is used by a very, very few lenders.

Their main score is the TransRisk score, which is used by no lenders and is useless.

CK is great for giving you a free source of your TU data. The rest is mostly a waste of time.

[Guava]

This is my personal experience: 

Earlier this year I had a paid collection account reported as "opened" on TU, since CK is based on TU credit profile, this collection showed up on CK (as 1 derogative). However, I disputed the collection, TU corrected the account to "closed" status; and then CK doesn't have it as a derogative anymore, but it's still on my actual TU report (as closed). I got my hoped up for nothing when I saw I have 0 derogative account on CK. 

[ams]

My experience with them must not be the norm...the information they have for my file has always been very accurate...and the FAKO score was within a few points of the FICO Transunion score the one time I pulled it several months ago. I've also signed up for their alerts and while I do get them they are usually a bit delayed from the time they actually appear on my report. But I'm not complaining considering it's free.

[daneatreia]

I use it, and it is a good reference. It usually shows a few points lower than other sites, however it shows the data on TU reports and its free, it updates daily and it now sends monitoring alerts. If you want to monitor your TU report then its perfect